Ten Cool Companies That Are Monetizing IoT and How You Can Too!

Zatar: This system is a cloud-based technology that allows companies to use customized applications and share data from anywhere.

Monetization model: Free for up to five devices, $2 per device per month after that

With growth in the Internet of Things (IoT) projected to be 26 billion units installed by 2020 resulting in billions of dollars of additional value for suppliers, the potential for revenue is there for those who develop successful IoT strategies.

“Soon it will be easier and easier for developers with killer IoT app ideas to get to market quicker than ever before, but these developers need to think early and often about their ultimate monetization strategies rather than tacking monetization concerns to the bottom of their to-do lists,” said Brendan O’Brien, co-founder and chief architect, Aria Systems.

“Monetization itself is often a market differentiator, sometimes more so than the core offering. To stay ahead of competitors businesses need to gain real insight into their customers' habits and adjust their monetization strategy accordingly, and quickly, to avoid premature obsolescence.” Ultimately, IoT provides more customer control over products and services (including devices and other physical assets) and more revenue opportunities for developers and manufacturers.

In this slideshow,Aria Systemshasidentified 10 cool companies that are already monetizing IoT andoutlines some success strategies to help companies prepare for the imperative of IoT adoption.

Regardless of the pace at which businesses adopt the IoT, ITSM will have to evolve to deal with IoT-driven changes such as more connected nodes, data points and automation, all of which add complexity. ... More >>

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